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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company
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To: Psycho Killer who wrote (2200)5/23/1999 11:58:00 PM
From: Psycho Killer  Read Replies (2) of 2232
 
HNLY May 19 Business Wire release about MGRA "listing" is bogus.

HNLY says it "will be filing the necessary documents with NASDAQ to be listed on the NASDAQ Bulletin Board as the first step to being listed on the NASD Small Cap Market."

While HNLY makes it sound as if MGRA is on the road to NASDAQ listing, the OTCBB is distinct from NASDAQ. An application to be on the OTCBB is NOT an application "to be listed" on a NASDAQ board. Check this out at www.otcbb.com:

"Comparison of Nasdaq and OTCBB*

The OTCBB is a quotation medium for subscribing members, not an issuer listing service, and should not be confused with The Nasdaq Stock MarketSM. . . . The OTCBB is unlike The Nasdaq Stock Market in that it:

does not impose listing standards;
does not provide automated trade executions;
does not maintain relationships with quoted issuers; and
does not have the same obligations for Market Makers.

* The OTCBB is separate and distinct from The Nasdaq Stock Market.

Nasdaq has no business relationship with the issuers quoted in the OTC Bulletin Board. These companies do not have any filing or reporting requirements with The Nasdaq Stock Market, Inc., or the NASD."
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